Satoshi Club

We are pleased to announce our next AMA on October 15th 2021 at 05:00 PM UTC Time: Satoshi Club x ADALend

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ADALend Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ADALend Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about ADALend

For more details:
ADALend Website – adalend.finance
ADALend Telegram – @ADALend
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

In today’s article, we’ll be getting into the topic of copy trading and how, more specifically and nowadays,  it is possible to do it in “DeFi-Style”, thanks to professionals like the peeps at FNDZ. We’ll be fleshing out all the details throughout the article, but it’s also important to introduce the FNDZ project in a nutshell – so much as to have a clear “preface” of what’s coming next. 

Basically, FNDZ aims to be “the first” DeFi, blockchain-based social trading platform facilitating copy trading by connecting retail investors with a network of experienced, proven, and profitable traders. From this perspective, FNDZ tries to bring to the table easy-of-use, transparency, and secure ways of profiting from the experience of more senior traders, all via a truly decentralized angle, thanks to the integration through DeFi compatible wallets, such as Metamask. It’s a lot of stuff in just a few sentences. So let us unpack most of the above by going in order. You might not be familiar with the concept of “Social Trading”. And that’s the first concept that we’ll be trying to clear up.

1. What is Social Trading?

Social media has been able to change and modify how we relate and interact with one another. Personal finance makes no exception. Just like finding new ways to relate can make us more resilient and expose us to new information in the social environment, the same way social trading helps us meet a basic human need for connection.

Put it simply, social trading allows users to exchange investment-related knowledge. It is a form of trading that supports and empowers retail traders by helping them monitor the activity of skilled traders on the network and also mimic them. Traders can use signals to express their positions to followers on a social network and users can then automatically copy their strategies. This allows for new and less experienced traders to diversify their portfolios and a time-saving and convenient way, reducing the time spent on acquiring new skills or even searching for information.
Social traders are also able to openly and transparently discuss trading or investment ideas and copy/follow strategies that mirror their risk/rewards appetites.

Now, this might be all too familiar to you if you’re a trader on “conventional” trading platforms (some renowned examples might be eToro, TradingView, etc…).  In that case, you might already recognize several common issues that are often present in many of these “canonical” platforms.

Demystifying the promises of conventional platforms 

All social trading platforms have their own USP. Determining which one is best for you can be difficult. Listing and enumerating all the (often not-so-public) fees – conversion fees, transfer fees, withdrawal fees, overnight rollover fees, deposit fees, non-trading fees, commission-related charges, and variable spread costs — is often a lengthy, arduous path to tread carefully (and to explore/study well in advance) before engaging in social trading activities when it comes to conventional platforms.

It’s not just hidden costs though. There are other sources of risk that may not be obvious. Traders are not the owners of the stock they trade; instead, they sign contracts for difference (CFDs) – that means they own only one side of an equity swap contract, which is a legal agreement to swap the return on an underlying stock with the provider’s fees.As a result, the trader faces a major risk: should a supplier fail or go bankrupt, the value of their CFDs vanishes, and the trader has no other way to recover their investment.

Many would refer to this aspect as “the price of intermediation”. Here’s where DeFi and FDNZ step in with a paradigm switch – and a potentially revolutionizing way to social trading.

2. Here comes the sun: FNDZ’s DeFi Trading

To avoid these issues, FNDZ uses decentralized finance (DeFi) to minimize costs, mitigate risks, automate transactions, and provide a more transparent fee structure. DeFi is a blockchain-based financial system that uses transparent, permissionless, and interoperable protocol stacks and smart contracts to operate automatically.

DeFi social trading involves double disintermediation: the smart contract plays the role of financial intermediary, while the copied traders play the role of the financial advisor. This enables traders to direct capital to more seasoned and professional investors while avoiding the use of unnecessary middlemen.

In practice, this lowers entry barriers, allowing more people to participate in the vast market of cryptocurrencies

3. Here comes the sun: FNDZ’s DeFi Trading

FNDZ is designed as an ecosystem of traders interacting via the FNDZ platform and the FNDZ token. Its mission is to create a decentralized and transparent medium for effective traders, as well as their personal networks, supporters, and followers. Let’s dive bit deeper, by looking at FDNZ’s competitive advantages and distinctive features

FNDZ’s Value Proposition – points of differentiation:

• A simple and easy-to-use platform where users can earn money while relaxing on autopilot
• Assets are always safely stored in a user’s wallet and under his/her full control
• Smart contracts (audited by Zokio) significantly reduce exposure to third-party risks
• Fair and simple distribution of order book with decentralized liquidity pools
• Transparent fee structure: thanks to which users have the possibility to know exactly to whom and how much they are charged to copy a trader

And these represent – according to FDNZ vision and according to the foundational tenets of DeFi – the hallmark of truly, decentralized finance. And that’s also where, in accordance with these principles, the FNDZ token gets the stage, with a concrete utility that puts the power in the hands of the users.

4. The $FDNZ Token – Tokenomics & Features

Token Metrics

The total supply of FNDZ tokens will be 100,000,000. The circulating supply following the recent public sale event is about 7,800,000 FNDZ tokens, reflecting both the 2,000,000 fully unlocked tokens released for the public sale and 10% of the tokens allocated to the team, advisors, and participants in the seed and private sales, with an actual market cap for the FNDZ token of about $13,500,00, according to CoinMarketCap.

---

Token Allocation

According to the corresponding whitepaper section, the FNDZ Token allocation follows eight separate categories, which are split between investors, team members and advisors, and functions of the platform. These categories are shown clearly in the infographic below, then followed and referred to by a mini-chapter that goes into further detail – specifically for those readers that love “crunching the numbers”.

Seed Round

The seed investment round saw the allocation of 12,000,000 FNDZ tokens, which represent a 12% share of the total supply. The tokens were sold at $0,08 per token. 10% of the tokens will be unlocked at the token generation event (TGE); the remaining 90% will be distributed through block-by-block vesting over 24 months (which works out to monthly 3,75% allocations).

Private Round

The private investment round received 20,000,000 FNDZ tokens or a 20% share of the total supply. The tokens were sold at $0,12 each. Similar to the seed round, 10% of the tokens will be unlocked at the TGE, and the remaining 90% will be distributed over 24 months in monthly 3,75% allocations through block-by-block vesting.

Launchpad

The IDO event represented the public sale of the FNDZ tokens. 2,000,000 FNDZ tokens, a 2% share of the total supply, have been allocated via the TrustPad LaunchPad event at the price of $0,24. All of these tokens were fully unlocked at TGE. 

Advisors

FNDZ advisors allocation is equal 6,000,000 FNDZ tokens, which represents a 6% share of the total supply. These tokens will follow the same scheme as the seed and private round: 10% of the tokens will be unlocked at the TGE, and the remaining 90% will be distributed over 24 months in monthly 3,75% allocations through block-by-block vesting.

Team

The FNDZ team’s allocation is of 20,000,000 FNDZ Tokens, 20% of the total supply. These tokens will follow the same scheme as those allocated to the advisors, 10% of the tokens will be unlocked at the TGE, and the remaining 90% will be distributed over 24 months in monthly 3,75% allocations through block-by-block vesting.

Rewards

10,000,000 FNDZ tokens are allocated as rewards. These are tokens that are reserved for trading challenges and tournaments between professional traders on the FNDZ platform.

Treasury

20,000,000 FNDZ tokens will belong to the FNDZ treasury. These tokens will be reserved as funds for further protocol developments.

Marketing

Finally, 10,000,000 FNDZ tokens are assigned to marketing activities for the platform. These tokens are out of circulation until the team or the community decides to use them for marketing activities.

---

$FNDZ Features

The FNDZ token also boasts many utility features, aimed at promoting and fulfilling an inclusive ecosystem for all the users involved in the various “spheres” of the protocol:

Governance

The FNDZ token can also be used to vote on governance proposals, providing governance power to its holders. Users can vote on and influence fee models & structure, even the hiring people for protocol creation via treasury funds, as well as many other aspects – all through proposals and community suggestions.

Referral

Each trader will be able to create his/her very own referral link, which will be shareable with new platform joiners on a one-time basis. If the new user’s trading performance is profitable, then the promoter will be entitled to receive 1% of the 20% performance fee, once the performance fee is due.

Advertising

Traders who achieve a minimum of 10% performance over four weeks will have the chance to buy FNDZ tokens to advertise their vault – that is, their services – on the front page — attracting new followers. But that’s not all. There are many ways users will be able to build a profitable following:

I. By Accomplishing Trading challenges — the FNDZ platform features trading challenges in which users can participate and win FNDZ tokens by outperforming other users. Any user can participate by paying a small entry fee in FNDZ tokens.

II. By Going Up the Ranks of the Leaderboards — traders can participate in leaderboard rankings by using FNDZ tokens. Higher scores and scorers will draw more fans, with higher positions on leaderboards leading to higher earnings, favoured by the improved exposure to the community.

III. By Submitting the Trader Profile Onchain via the Verified PNL — this will guarantee users that the trader they are copy-trading is showing the real results.

---

Transparent Fee Structure 

This is all nice and cool. But what about the fee structure we had hinted at earlier in this article? What kind of fees will users incur?

There’s a carefully designed – and yes, I daresay, very transparent – Fee Structure underlying the FDNZ Ecosystem. Once again, another marvelous infographic comes to our aid.

There are four main fees:

Management fee — which is levied for the trader’s performance and goes partially to the trader and to the FNDZ platform.

Performance fee — for which FNDZ token stakers receive two of the 20% performance fee from all successful traders realizing performance.

Creation fee — charged when a trader creates a vault. This fee is automatically swapped in exchange for the FNDZ tokens and then burned.

Redemption fee — which is charged on novice traders when they exit a vault.

5. The Team

Just as with the Fee Structure, the FNDZ core team members’ information is public and all of the information regarding the core members is available at the project’s website and via Linkedin. The team features highly-regarded, experienced professionals in the field of entrepreneurship, finance, investment law, marketing, design, and, of course, the blockchain field.

6. Roadmap

As outlined in the infographic below, the FNDZ team has been heavily delivering throughout 2021. Q3 culminated with the TrustSwap IDO and the TGE & listing events on PancakeSwap. For the 4th Quarter of 2021, users will finally get their hands-on the MVP app and the platform demo. Vaults and Staking are bound to come as well with a Beta version that will pave the way for the product’s official launch, thus adding many reasons for FNDZ enthusiasts to be excited about the upcoming weeks/months.

1. Conclusion

With the crypto space constantly growing and – as we speak – with new blockchain ecosystems, Decentralized Applications, exchanges, and tokens coming to life every day, both crypto traders and investors (either retail or professional) will definitely need a comprehensive, all-in-one solution like FDNZ, in order to maximize their potential. Both private and retail market participants will enjoy the chance and many possibilities provided by FDNZ to learn from experienced professionals, thanks to the ability to follow their strategies through copy trading. At the same time, professional traders will benefit from the many trading tools across multiple exchanges that the platform will bestow upon them – and these are all aspects that we believe will favor the participation in the FDNZ ecosystem, fostering a positive trading experience and performance for new and old trading practitioners.

1. Community and Social Channels (as of October 10th, 2021)

FNDZ’s Website

For everything you need to know about FNDZ, visit the official FNDZ Website.

FNDZ’s Telegram

Join the conversation on Telegram to stay in the know about FNDZ. 

FNDZ’s Reddit

To keep up with the latest updates from FNDZ, follow them on Medium.

FNDZ’s Twitter

Get in touch and social with other members of FNDZ’s community. Join the community on Twitter. 

Legal Disclaimer

Both Satoshi Club and the article’s authors are not providing readers any individually tailored investment advice. The article does not constitute financial advice. The material is for educational purposes only and Satoshi Club nor any of its authors are responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

We were delighted to welcome our guest from Mars Ecosystem. The AMA took place on October 7th, 2021 and our guest was @clomptheory.

The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.

Part 1 — introduction and questions from the Telegram&Bitcointalk community

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with Mars Ecosystem😍

Gold Rocket | Satoshi Club: Today our  guest is @clomptheory🔥

Tarios: Hey everyone!

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club, @clomptheory😁

Tarios: It’s great to be here!

Gold Rocket | Satoshi Club: Nice to e-meet you 😊

Tarios: Nice to meet you, too 😊

Gold Rocket | Satoshi Club: We are really excited about upcoming AMA❤️🌏

Tarios: Yes, really me too 🙏🏻

Gold Rocket | Satoshi Club: The eyes of humanity have always been turned to the red planet 😊

Gold Rocket | Satoshi Club: Tell us a little about yourself .. how did you get into crypto? How did the idea for the Mars Ecosystem come about?

Tarios: My interest in crypto started thanks to my friends. Although I was not very interested in before, I was fascinated by DeFi and I have improved myself in this field. I’m here now!

Gold Rocket | Satoshi Club: yes this is a hot topic today 🔥

Gold Rocket | Satoshi Club: Tell us please about your position in  Mars Ecosystem

Tarios: Yes really! It is amazing to see that how DeFi improved that much in this short time. However, DeFi still has a lot of time to evolve!

Gold Rocket | Satoshi Club: It is clear that we are at the beginning of the road😁

Tarios: My role at Mars Ecosystem is Oversea Community Manager. I am here to assist the comrades of the Mars Ecosystem and respond to their problems as soon as possible!

Gold Rocket | Satoshi Club: Give us a brief introduction to the project. What is the essence of Mars Ecosystem

Gold Rocket | Satoshi Club: This is a really important task in the community. Community is the engine of the project😊👏

Tarios: Mars Ecosystem is a decentralized stablecoin & DeFi platform. Also, Mars Ecosystem is now one of the hottest projects on BSC, and  one of the strongest participants of the MVB III Program!

Tarios: Yes, exactly! 😄

Tarios: I’m Tarios. I am the Oversea Community Manager of the Mars Ecosystem. My task here is to answer users’ questions and solve their problems as soon as possible.

First of all, let me introduce a bit about Mars Ecosystem. Mars Ecosystem is now one of the hottest projects on BSC, and also one of the strongest participants of the MVB III Program!

In September, Mars Ecosystem has just launched its own Farms/Pools and the TVL already reached 🔥$240M. at the same time maintaining APR up to 1100%.

🔥$1.4M worth of BTC, BNB, ETH, CAKE were distributed to XMS stakers during the last week. Cumulative reward distribution reaches $2.6M.

Tarios: And Mars Ecosystem will launch stake XMS-BNB MarsSwap LP to earn $CAKE on 8th Oct at 1pm UTC, the APR will be 1000+%, don’t miss the rewards! https://app.marsecosystem.com/farms

Gold Rocket | Satoshi Club: Amazing🔥🔥🔥

Tarios: Same thoughts! ☺️

Jonah 🏅🎹: That’s An Impressive APR 👏

Gold Rocket | Satoshi Club: Pay attention Satoshi Clubbers🚀 don’t miss great opportunity

Tarios: Yes, our team is doing its best to both give the highest APR and maintain the value of the token!

Tarios: Thanks to vesting mechanism.

Gold Rocket | Satoshi Club: please tell us about the team. who are these amazing people who make up the core of the team?

Jonah 🏅🎹: Awesome the results prove they are actually doing their best

Tarios: Of course. John is the founder and CEO of Mars Ecosystem. He is an avid fan and researcher of DeFi. He has not only studied a PhD in Finance at Stanford University, but also have many years of experience in the financial industry.

Also, there are ~20 community and marketing manager in our team in total. They are doing their best for the development of the project.

And, our developer team is very hardworking, they aim to offer the best product by working as a team non-stop for the project to come to the best place.

Jonah 🏅🎹: It’s always great to have dedicated people working as a Team…

Gold Rocket | Satoshi Club: Wow! Real dream team🔥

Gold Rocket | Satoshi Club: Is your team anonymous or not?

Tarios: Yes exactly!  Everyone on the team strives to help each other.

Tarios: Our team is anonymous, as with many DeFi projects. Our team wants to highlight itself with the work it does and the product it develops.

Gold Rocket | Satoshi Club: Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Tarios: Yep, I am ready!

Q1 from Telegram user @Orlemys  

We’ve somehow gotten past the “to-the-moon” rage, and now many projects are stepping into other planets, with Mars being at the center of it all. So, how do you manage to stand out from the Mars protocols crowd? What are the unique traits that make your Mars ecosystem authentic? Are you focused more on the Mars visuals and space, or on releasing products and community rewards?

Tarios: Great and detailed question.

Tarios: The main features that make the Mars Ecosystem unique are Mars Treasury, Mars DeFi, and Mars Stablecoin. By combining these 3 features under a single ecosystem, we aim to offer the most useful and safe platform for users. The main purpose of the Mars Ecosystem is to create the DeFi central bank. The stablecoin it will use while doing this is USDM. Behind USDM are  BTC, ETH, UNI, etc. major coins. In this way, USDM will be both a decentralized and sustainable stablecoin.

Gold Rocket | Satoshi Club: unique feature👏👏👏

Gold Rocket | Satoshi Club: Are you focused more on the Mars visuals and space, or on releasing products and community rewards?‌‌ (с)

Tarios: Our team has a plan for NFTs in the future. However, the team is currently looking to head towards farms and the Genesis Launch. Therefore, we can expect such visual enhancements in the future.

Gold Rocket | Satoshi Club: Thanks for great answers 😊

Jonah 🏅🎹: When is the genesis launch scheduled to take place?

Tarios: The Genesis Launch is scheduled for late of this month. The team is currently striving for Genesis Launch with all its might.

Gold Rocket | Satoshi Club: hot hot autumn😁🔥🔥🔥

Gold Rocket | Satoshi Club: Thanks for your answers

Gold Rocket | Satoshi Club: Ready to proceed to the next question?

Tarios: I thank you for the questions!

Tarios: Yes, I am ready.

Q2 from Telegram User @Pavel_Jarosh

Masr Ecosystem includes multiple pieces of puzzle: Mars Treasury, Minting Control, DeFi protocols, governance token. There’s also a place for NFT project, however it is not described in details as above mentioned initiatives. Please let us know what is in heart of Mars NFT? Can they be bought or you plan to distribute them as part of rewarding system? Thank you!

Tarios: Currently, our farms and pools have come to life. Last September, the main focus of the dev team was adding more farms and pools. We have added many farms and pools in line with the requests of our users. The team’s current focus is on Genesis Launch. After the Genesis Launch is complete, there will be usage details. Also, we will distribute NFT to all IMO holders. We are currently improving the NFT gameplay and empowerment. We will cooperate with other projects as well. Please give us some time, since we ‘re trying to explore more value and possibilities. Stay tuned with Mars for the news!

Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers❤️

Tarios: Yes of course!

Jonah 🏅🎹: They will be expecting Some news 😉

Gold Rocket | Satoshi Club: What kind of farms and pools are there at the moment?

Tarios: Currently, as pools,

Stake XMS to earn XMS

Stake XMS to earn CAKE / BNB / BTC/ ETH / KALA / HELMET / FOR

Stake CAKE to earn XMS

As farms,

Stake XMS/BNB to earn XMS / BNB

Stake CAKE/BNB or BUSD/BNB or USDT/BNB or CAKE/BUSD or CAKE/USDT or .. and more to earn XMS

Gold Rocket | Satoshi Club: Good number of pairs

Gold Rocket | Satoshi Club: Thanks for sharing

Jonah 🏅🎹: Yeah..

Jonah 🏅🎹: What about USDM?

Gold Rocket | Satoshi Club: https://app.marsecosystem.com/pools

Gold Rocket | Satoshi Club: https://app.marsecosystem.com/farms

Tarios: At the moment, I cannot give detailed information about USDM as Genesis Launch has not yet taken place. They can follow the announcement channel to follow the upcoming news and to be informed about new farm & pools as soon as possible. https://t.me/marsecosystem_news

Gold Rocket | Satoshi Club: Look forward to Genesis Launch 🙏

Tarios: Yes! I am really excited about it.

Tarios: and whole community 😁

Gold Rocket | Satoshi Club: @clomptheory ready for the next question?🤩

Tarios: Yes please.

Q3 from Telegram User @Highpee

One of the features that you have introduced to ensure your stablecoin stability is an anti-bank run mechanism which you said can prevent large sell-off of stablecoin within a short period. Can you explain how you will maintain stability of USDM and how you will be able to prevent large sell off especially during situations where users may be apprehensive that the price may not return to $1? How do your asymmetry minting and redeeming process work and how does it prevent death spiral event or sell-off run under extreme market conditions?

Tarios: Great question. It is a good opportunity to highlight the difference of USDM from other stablecoins.

Tarios: Here’s how asymmetric minting and redeeming works: To mint USDM token, the user must add one of the Mars Treasury whitelisted assets to the Mars Treasury. For example, the user can mint 5 USDM with $5 ETH. However, when the user wants to redeem 5 USDM, XMS token is given to the user instead of ETH. Thus, antisymmetric minting is provided. In addition, assets in the Mars Treasury will support the value of USDM and XMS. Finally, thanks to Support Ratio, USDM’s market cap will be limited by XMS’s market cap. This will reflect positively on the price of XMS.

In short, thanks to the anti-minting and redeeming mechanism, the spiral of death is prevented.

When USDM market price > $1:

Arbitrageurs can use $1 worth of the Mars Treasury whitelisted assets (such as BTC) to mint 1 USDM in the Mars Treasury, They can then sell the newly minted USDM in the market to make a profit. This arbitrage action will quickly bring the market price of USDM back to $1.

When  USDM market price < $1:

Arbitrageurs can buy 1 USDM in the market for less than $1 and then redeem it in the Mars Treasury to obtain $1 worth of XMS. The redeemed XMS can be sold in the market to make a profit. As long as XMS has sufficient liquidity in the market, this arbitrage action will quickly bring the market price of USDM back to $1.

Jonah 🏅🎹: This is detailed enough.. 👏

Tarios: As much as I can.. 😊

Jonah 🏅🎹So can you share your Tokenomics with us?

Gold Rocket | Satoshi Club: it will really help regulation

Tarios: Yes of course,

the total supply is 1Billion

Investors 8%

IDO 2%

Team 10%

DAO Treasury (Market Making, Operations, Marketing, Partnerships, etc.) 15%

Community Incentives (Liquidity Mining, Trade Mining, Airdrops, etc.) 65%

Vesting Schedule:

Investors: Vesting monthly for 18 months, starting at Genesis Launch

Team: Vesting monthly for 36 months, starting at Genesis Launch

Jonah 🏅🎹: Thank you for sharing

Gold Rocket | Satoshi Club: Let’s proceed to the next question

Tarios: You’re welcome!

Tarios: Yes, please!

Q4 From Telegram User @MinxOxyde

as I read, Mars Ecosystem will be launched on BSC soon, and a “Genesis Rocket Launch” will be held at the same time to celebrate the event. and so huge rewards will given to the participant. i really interesting with this, how to join the Genesis Event? how much to spend? and tell me about the calculation of the rewards, let says if i spend 100BUSD to treasury?

Tarios: The Genesis Launch is scheduled for the end of this month (October). Details on exactly how Genesis Launch will be have not yet been shared with users. However, superficially, it will be as follows, users (who want to be the first owner of USDM) will commit BUSD at Genesis Launch, thus earning USDM and XMS as a reward. For example, a user who commits 100BUSD will receive 100 USDM and XMS reward in proportion to the user’s participation percentage. PS.: 5% of the total supply of XMS will be distributed through this event.

Gold Rocket | Satoshi Club: Thank you for the clarification

Gold Rocket | Satoshi Club: By the way, I know you have an ambassador program for your community. Please tell us a bit about it

Tarios: Of course, the ambassadors namely Captains. They exist to grow and advance the Mars Ecosystem community. Our users who want to get one step closer to becoming a Captain can fill out the form here. https://docs.google.com/forms/d/e/1FAIpQLSedzJjiH3pMsQAVdTAexS8gTKnFjQigHRDwu1ZH7pepc9duTw/viewform

There is a continuous reward system for the achievements of captains.

Gold Rocket | Satoshi Club: 🚀 Join Mars Ecosystem Local Community:

🌎Global English Telegram: https://t.me/mars_ecosystem

🇨🇳Chinese Telegram: https://t.me/Marsecosystem_chinese

🇮🇩Indonesian Telegram: https://t.me/marsecosystem_IDSA

🇻🇳Vietnam Telegram: https://t.me/marsecosystem_vietnam

🇹🇷Turkish Telegram：https://t.me/marsecosystemturkey

🇪🇸Spanish Telegram: https://t.me/marsecosystem_ES

🇷🇺Russian Telegram: https://t.me/marsecosystem_cis

Jonah 🏅🎹: Satoshi clubbers.. 🚀🚀

Gold Rocket | Satoshi Club: and these are your local communities! 👏👏👏

Tarios: We will continue to build communities from different countries and grow our team as much as we can!

Tarios: Yes, thanks for sharing!

Jonah 🏅🎹: Impressive

Gold Rocket | Satoshi Club: @clomptheory are you ready for the next question😉

Tarios: Yes, I am ready!

Q5 From Telegram User @DK177

There are four roles on Mars ecosystem, Hitchhicker, Captain, Ranger and Dr. Marvin. Although you have introduced them, it is not clear how can we achieve these levels. Could you please explain the prerequisites for each level? Do we need to hold a minimum amount of $USDM or $XMS? By the way, what are the advantages of achieving the levels? Do you distribute any rewards? Do you have plans to offer any learning materials to clarify this type of doubts?

Tarios: Our first role is Hitchhicker. All you have to do to become a Hitchhicker is join our community, all members of the Mars Ecosystem are Hitchhickers.

Our second role is Captain. To become a Captain, you need to fill out the form here, https://docs.google.com/forms/d/e/1FAIpQLSedzJjiH3pMsQAVdTAexS8gTKnFjQigHRDwu1ZH7pepc9duTw/viewform

Captains exist to grow the Mars Ecosystem Communities and bring our voice to more users. There is a reward system for the achievements of captains.

Our third role is Ranger. Rangers are people who take care of the technical part of the job. If you are confident in your computer science and coding knowledge, you can check out our github account here: https://github.com/MarsEcosystem

Our fourth role is Dr. marvin. Dr. Marvin is the leader of our community and one of the first visitors to Mars.

To get the first three roles, all you have to do is perform the specified ones. You don’t need to keep an extra XMS or USDM.

Jonah 🏅🎹: So I’m now a Hitchhiker😉

Tarios: I invite everyone here to be too 🙂

Gold Rocket | Satoshi Club: let’s talk about security. have you conducted any hackathons or smart contract audits😊

Jonah 🏅🎹: Very important one

Tarios: Yes, I was waiting for it!

Tarios: The Certik and Slowmist Audit Reports of Mars Ecosystem are already out, you can check the below link:

📍https://certik-public-assets.s3.amazonaws.com/REP-MarsEcosystem-2021-08-25.pdf

📍https://www.slowmist.com/en/security-audit-certificate.html?id=8fe85271a27889e07bdf11f3bc1d04eb76521bc7530a3eac86141d7bef6751cd

📣 Mars Ecosystem has just launched their bug bounty program on Immunefi, DeFi’s leading bug bounty platform !!! 👏🏻👏🏻👏🏻

Zap those bugs and get bug bounty hunting, & you can earn yourself $60,000

🧑🏼‍🚀 As we promised, the user’s safety is the most important for us.

https://immunefi.com/bounty/marsecosystem/

Lastly, we have applied for 2 security organization and waiting for feedback for more security!

As the Mars Ecosystem team, safety is one of the things we care about most. Especially in DeFi, you need to proceed confidently. The Mars Ecosystem team monitors every step it takes and provides the maximum security platform for users.

Gold Rocket | Satoshi Club: Safety first 👌 thanks

Jonah 🏅🎹: I am aware that there is a CMC Airdrop can you tell us more about this airdrop is it still ongoing?

Tarios: Yes, of course.

Jonah 🏅🎹: So how many tokens are you giving out can you share the link with our members

Tarios: Our second Airdrop event with CMC was launched yesterday. Our purpose in making airdrops is to announce this innovative project to more audiences and to build a large community. To participate in the Airdrop, they can follow the steps in the link here. For a chance to win XMS, be sure to visit! https://coinmarketcap.com/tr/currencies/mars-ecosystem-governance-token/airdrop/

Jonah 🏅🎹: Thank you for sharing.. 👍

Jonah 🏅🎹: Ready for the last question for this part?

Gold Rocket | Satoshi Club: very generous😁🔥🔥🔥

Tarios: Yes, please!

Q6 From Telegram User   @Arisabela

You mention on your website that the incurred transaction fees generated at Mars Swap are used to back the stability or Mars Stablecoin, but you do not explain the process in much detail, you can talk more deeply about the functionality of your fees, how they are distributed and how they can be adjusted in time according to the needs of the project? How can users contribute idead on this regard?

Tarios: Fees collected from Mars Swap are currently not used in any way, but are accumulated. In the future, XMS buyback and burning will be carried out thanks to these fees. Our team will do its best to maximize the value of XMS. Also remember, as Mars Swap reaches more users, the amount of fee collected will increase and thus more XMS will be burned!! I know a lot of users are eager to burn, and although XMS’s supply is limited, the burn will happen, can you guess what’s going to happen! 🔥🔥🔥

Part 2 — live questions from the Telegram community

Q1 from Telegram User @saimom3

Can you explain, which one is your top priority? Security, Product, Partnership, or Token price?

Tarios:

In fact, each of them are important issues for us. Because a project is the whole of what you write. The team has made a deal with CertiK and Slowmist for security. Also, a Bug Bounty is currently in progress.

As for the product, they are constantly releasing new farms and pools. In addition, all preparations for the Genesis Launch continue at full speed.

In partnership, our marketing team is working non-stop, let me write you some of the latest partnerships. Venus Protocol, Berry Protocol, Moonlight, KingDeFi, ForTube, Helmet, KALA, and more!

All parts of the team continue to work non-stop! Stay with us.

Q2 from Telegram User @slla1112

Where can I buy your Mars Ecosystem token? What is the main role and usage of your token?

Tarios:

Our main liquidity is currently in Mars Swap. https://app.marsecosystem.com/swap You can use the $XMS token here. Be sure to use BNB or BUSD at the time of purchase, currently we only have liquidity for these 2 tokens/coins. More will be added in the future. $XMS is the governance token of the Mars Ecosystem. The $XMS token will be used in the future Mars DAO. Also, $XMS has a support ratio for $USDM. Thus, it will be able to limit the minting amount of $USDM.

Q3 from Telegram User @DK177

Mars is the second smallest planet in the solar system. Why did you choose it as the name of your project? What is the relationship between your concept and Mars?

Tarios:

Astrophysicist Guillem Anglada Escudé once said “Space inspires mankind, promotes the integration of various disciplines, and promotes the reflection of the whole society on the earth.”The vision of going to Mars does not mean abandoning earth, but expanding our journey to include both planets. The exploration of the red planet may even help us better solve the earth’s energy crisis and protect life here.

“We may carry out extra-terrestrial mining and even introduce the development of a multi-planet economy. ” – ESA.

Logically, no company will carry gold coins or paper money to Mars, because this will greatly increase the extra weight of neccasary material delivered. In turn, this is a very inefficient way of transferring currency value.

Cryptocurrency will therefore become the best choice for interstellar exploration. Before humans set foot on Mars, begin to mine energy, and establish civilization, it may be possible to issue a currency that can be easily traded on Mars or even across planets.

Q4 from Telegram User @Kushal85127939

Please share the timeline of ongoing Development in Mars Ecosystem? When we can expect Mars will be fully Deployed upto its mark?

Tarios:

🌟On 14th-15th June, we successfully finished IMO and IDO on Mars Ecosystem & BakerySwap & Helmet.insure to distribute our token to early supporters. Now users can trade on MarsSwap and XMS holders can stake their XMS at our Pools to earn BTC/ETH/BNB/CAKE: https://app.marsecosystem.com 

🌟On the 1st Sep., we launched successfully Mars Farms/Pools. Users can get higher profits in a long-term period. Beside XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn XMS with high APR! And we will keep adding more pools/farms, so please stay tuned! https://app.marsecosystem.com/farms

🌟Starting from the launch of Farms/Pools, we will cooperate with BSC’s major DeFi protocol such as DEX, lending protocols, leveraged mining protocols, etc.

🌟In October, Mars Ecosystem will launch our Stablecoin with a 🚀”Genesis Launch” event. Users can mint USDM and earn XMS rewards.

🌟Next, we will release more DeFi protocols through investment, incubation, and joint development to jointly empower Mars Ecosystem. In Q4 of 2021, we plan to release the yield aggregator module and develop our Launchpad platform at the same time.

🌟In Q1 of 2022, we plan to implement the function of stablecoins’ mintage on other public chains to expand our protocol.

🔥All the above plans will empower and add value to our governance token $XMS.

Q5 from Telegram User @Tehokjambe

What is your main focus in enlarging your community?

Tarios:

Because the community is the backbone of a DeFi project. The only tool that strengthens and sustains a project is the community. It is the community that uses this project, transmits it to other people. Also, the Mars Society is made up of really great people. And from time to time, we organize events for our community, don’t forget to join!

Q6 from Telegram User @Tahsinahmett

Mars Ecosystem, what are the important milestones you have reached in a short time like 3 months? Could you please explain?

Tarios:

First milestone: On 14th-15th June, we finished successfully IMO and IDO on Mars Ecosystem & BakerySwap & Helmet. ensure to distribute our token to early supporters. Now users can trade on MarsSwap and XMS holders can start to stake their XMS to earn at MarsSwap.

Second Milestone: On the 1st of Sep., we launched successfully Mars Farms/Pools. We designed a new economic mechanism for the farms/pools to make them more sustainable, and the APR is relatively high compared with some other well-known projects. In this way, users can get higher profits in a long-term period. Besides XMS holders, Cake holders & PancakeSwap LP tokens holders can also earn XMS with high APR! Our Farms/Pools will cooperate with many Defi protocols in the BSC ecosystem in the future. https://app.marsecosystem.com/farms

Third Milestone: From the end of October to the beginning of November, Mars Ecosystem will launch our Stablecoin with a 🚀”Genesis Launch” event. And users can get a lot of rewards by minting our stablecoin USDM.

Q7 from Telegram User @KASG95

What are the specific LP tokens acceptable for farms / groups? and the MarsSwap LP tokens and PancakeSwap LP tokens are already acceptable on Mars farms to win?

Tarios:

Here are the LP tokens you can currently use on Mars Ecosystem’s farms:

XMS-BNB (Mars LP token)

CAKE-BNB (Pancakeswap LP Token)

BUSD-BNB (Pancakeswap LP Token)

USDT-BNB (Pancakeswap LP Token)

CAKE-BUSD (Pancakeswap LP Token)

CAKE-USDT (Pancakeswap LP Token)

BNB-ETH (Pancakeswap LP Token)

BTCB-BNB (Pancakeswap LP Token)

BTCB-BUSD (Pancakeswap LP Token)

BTCB-ETH (Pancakeswap LP Token)

HELMET-BNB (Mars LP Token)

FOR-BUSD (Mars LP Token)

More liquidity for Mars Swap will be added in the future. Don’t forget to stay with us to follow the news!

Q8 from Telegram User @Foridhasan43

Do you have any Telegram  channel, or Twitter for this project?

From where we can learn something?

Tarios:

Yes of course.

We have Telegram, Twitter, Medium, github, and Youtube pages.

Telegram: https://t.me/mars_ecosystem

Twitter: https://twitter.com/MarsEcosystem

Medium: https://mars-ecosystem.medium.com

Github: https://github.com/MarsEcosystem

Youtube: https://www.youtube.com/channel/UCUY30mQ_HRXDK80EoO5q_5Q

Don’t forget to follow us!

Q9 from Telegram User @alice_wonderland12

Mars Stablecoin (USDM) is price stable, capital efficient, scalable and decentralized. It is an over-backed stablecoin: the redeemability of USDM is backed by the Mars Ecosystem Governance Token (XMS). If XMS is a volatile token, how can a stable coin be backed to it and yet be securely stable in its price? What happens with USDM if the price of XMS drops, as would be normal?

Tarios:

Yes, $XMS is a volatility token, but the XMS token is not the only mainstay of USDM. USDM is backed by all assets within the Mars Treasury. XMS only creates a support ratio for USDM. With this created support ratio, as the use of USDM increases, the value of XMS will necessarily increase. As a result, even though XMS is a volatility token, USDM is backed by whitelisted tokens & coins within the Mars Treasury.

Q10 from Telegram User @chiasoonsiong

A major issue encountered in DeFi is liquidity. Is there a way/solution to overcome this that you would like to share?

Tarios:

Yes, as you said, liquidity is a must for DeFi. Our team has implemented many new farms to add liquidity to Mars Swap. The farms it offers encourage users to add liquidity on Mars. Also, after the Genesis Launch, Mars Treasury will play a supporting role in Mars DeFi’s liquidity. Also, our team will continue to add new farms at full speed, stay with us!

Part 3 – Quiz Results

In the final part we tested your knowledge in terms of Mars Ecosystem. They’ve prepared 4 questions for this part. The total reward pool for quiz was 300$.

For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru

Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners: Mars Ecosystem Website – marsecosystem.com
Mars Ecosystem Telegram – @mars_ecosystem

We are pleased to announce our next AMA on October 14th, 2021 at 11:00 AM UTC Time: Satoshi Club Russian x NFracTion Russian

⚠️Click to see the hour
⚠️Total Reward pool: $100

⚠️Requirements:
👉 Join Russian Satoshi Club Telegram group
👉 Join NFracTion Russian Telegram group

We will have the following structure:

Part 1: 50 /5 users – We’ll select 5 questions from the community. A user can post maximum 3 questions. 5 Questions will be selected from our website – please submit your questions in the comments section of this post.

Part 2: 50/5 users – Open chat for 120 seconds. You can post Max 3 questions. NFracTion Russian Team will select 5 questions and answer them.

For more details:
NFracTion Russian – @nfraction_official
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on October 13th 2021 at 11:00 AM UTC Time: Satoshi Club x DoseToken

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join DoseToken Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. DoseToken Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about DoseToken

For more details:
DoseToken Website – dosetoken.com
DoseToken Telegram – @dose_community
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on October 11th 2021 at 05:00 PM UTC Time: Satoshi Club x ACKNOLEDGER

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join ACKNOLEDGER Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. ACKNOLEDGER Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about ACKNOLEDGER

For more details:
ACKNOLEDGER Website – acknoledger.com
ACKNOLEDGER Telegram – @acknoledgercommunity
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from IX Swap and our guests were @AOIXS and @Darrenkhye. The AMA took place on 6 October.

The AMA session was divided into 3 parts with a total crypto reward pool of 500$

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram community

Gold Rocket | Satoshi Club: Hello again, dear Satoshi Club community! We are pleased to announce AMA with IX Swap

Paul Mont | Satoshi Club: Today’s guests are @AOIXS and @Darrenkhye! Welcome! Great to have you here! 🥳

Gold Rocket | Satoshi Club: Hello and welcome to Satoshi Club,

Aaron Ong @AOIXS  and Darren Wong @Darrenkhye 😍

Darren: Hi everyone, glad to be here !

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Thanks for having us today!

Great to be here in this amazing community!

Gold Rocket | Satoshi Club: Nice to e-meet you guys❤️

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: [ 😆 Sticker ]

Paul Mont | Satoshi Club: The pleasure is all ours, we’re super excited about this AMA 🔥🔥🔥

Gold Rocket | Satoshi Club: How are you doing?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: As are we 👊

Darren: Doing great! Can;t complaint either with the markets pumping today

Gold Rocket | Satoshi Club: We are really excited about upcoming AMA with you guys 😊

Paul Mont | Satoshi Club: Haha right 😁

Gold Rocket | Satoshi Club: Yeah🔥

Let’s start! Introduce yourself please. How did you get to be involved in crypto & IX Swap

Tell us please about your position in  IX Swap

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Sure!

Hi everyone! My name is Aaron and I am one of the Co-founders of IX Swap.

My background has primarily been in traditional finance and banking working in investment advisory across multiple large private banks. During my time in the banking industry I was extremely fascinated by the crypto industry and started trading and arbitraging crypto markets back in 2017.

Gold Rocket | Satoshi Club: hot crypto 2017🔥 … reminds me of 2021, doesn’t it? 😅

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: The crypto markets were extremely volatile but offered a plethora of opportunities and offered an open architecture which was the complete opposite to what I was experiencing at the bank. After years of being fed up and frustrated with traditional banking practices, I left the bank and pursued my interest in the blockchain space working with digital securities, security tokens and crypto. IXS & Security tokens were a natural evolution for me given my experience in traditional finance and love for crypto.

We’re just getting started this time.

Darren: Hi Everyone! My name is Darren and I am the Head of Asset listings and strategic partnerships here at IX Swap. Given my past experience in finance and real estate, along with co-founding 2 start ups in tech and in blockchain, the road that led me here was inevitable. My background in finance provided exposure to a vast selection of products from within investment banking and private banking working with both large corporates and high net work individuals. This allowed me to understand both the efficiencies and inefficiencies in the financial system.

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: 2017 ended too quickly 😂

Darren: During my first start-up stint in VR for real estate, I discovered the use of blockchain that fully fascinated me, which led me to my 2nd start up. Setting up my Blockchain Consultancy and accelerator since the later part of 2017, allowed me to see and unlocking the potential of blockchain in various industries, which natural let me back to want to solve the inefficiencies in traditional finance and to be able set precedence to create a whole segment for the future finance.

With the STO market heating up more in the past year than before, we are excited to be guiding the space to new heights!

Buckle up for the exciting times ahead!

I will be leading the team in listings and partnerships

way too quickly haha,, didnt even give STOs a chance to shine

Gold Rocket | Satoshi Club: great background😁👏

Paul Mont | Satoshi Club: Love the tag teaming 🙂 How did you meet each other for the first time?

Darren: it was inevitable with the common love of crypto and STOs 🙂

Gold Rocket | Satoshi Club: Really promising🔥👏

Paul Mont | Satoshi Club: Hahaha let’s call it fate then 😁

Now onto IX Swap, please give our Satoshi Clubbers a brief introduction about the project 😉

Gold Rocket | Satoshi Club: And also we would like to know more about your team. Who is on the project team core?😊

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: So in the simplest way we could explain it, IX Swap is the “Uniswap” of the STO/TSO industry

That said its a little more complicated than that

IX Swap will be the FIRST platform to provide liquidity pools and automated market making functions for the security token (STO) & tokenized stock industry (TSO).

The platform will be the first DeFi platform to facilitate the trading of security tokens through licensed custodians and security brokers which will provide actual ownership and claim over these real world assets.

Darren: Regarding our team. We are currently over 20 team members now; the teams’ profiles are available on Linkedin and our website

We were cautious when hiring new team members because we wanted the right mix of people from both the traditional and the new crypto world to build this out. The IX Swap team consists of entrepreneurs, capital markets, legal and blockchain experts. We are also publishing our job applications on Linkedin so be sure to follow us there!

Darren: https://www.linkedin.com/company/ixswap

Gold Rocket | Satoshi Club: the direction really has no outspoken leaders yet! I hope that you will become them

Done ✅

Paul Mont | Satoshi Club: Thank you very much for sharing, I always feel relieved it comes to a project being open and transparent – not a thing to take for granted in the crypto space 😁

Gold Rocket | Satoshi Club: How long does it take to develop a project? What plans do you have for the future? And what can we expect from   IX Swap

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Yes we are doing something new and completely different from the regular projects you see in the crypto space 🙂

Actually the story of IX Swap goes way further back. We have spent over 6 years developing the STO ecosystem infrastructure to build an end-to-end security token issuance company, and IX Swap then became the next stage of this STO infrastructure that we embarked to build. We started the IX Swap project early in the year and have been hard at work developing the platform.

The birth of IX Swap came as a necessary infrastructure solution to close the loop for the STO ecosystem.

Well we have lots of exciting announcements that will unveal over the coming weeks 🙂

Darren:

Here are current plans . feel free to have a look at our litepaper and website

IXswap.io

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: IX Swap Beta version of the platform will be released in 4Q2021 and expect the platform to be fully functional by 1Q2022.

Darren: really excited for these 🙂

Paul Mont | Satoshi Club: This infographic is worth more than a thousand words 😉

Gold Rocket | Satoshi Club: Tell us about main benefits of IX Swap. How is it different from others?

Darren: It’s great that you have asked this. This is actually quite relevant due to the recent news that Binance and Uniswap had taken down some tokens because they did not have security licenses and these tokens were considered securities/security tokens. Just because you create a synthetic version of an asset doesn’t mean they lose their tag as securities.

The main difference between us and our competitors is that we are working with licensed intermediaries and trading with actual security tokens that have claims over real world assets and not just synthetic positions. When you are trading securities, a license will be required. This is how securities are dealt with now and that’s just the way it is.

However, because we are integrated with licensed intermediaries we have the ability to trade these tokens classified as securities and these exiled tokens are welcome to find a home at IX Swap.

Paul Mont | Satoshi Club: Right on, IX Swap might potentially be filling a huge market gap at the moment 😉

Gold Rocket | Satoshi Club: many thanks for the clarification! now all the advantages are obvious to me 👏👏👏

Paul Mont | Satoshi Club: Also the lack of availability of STOs on Binance and UniSwap means that there is currently very little liquidity in the market.

Great introduction guys, thank you very much 🔥

Gold Rocket | Satoshi Club: That’s right .. lack of liquidity is a real problem.

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Indeed! 😄

Paul Mont | Satoshi Club: We will be fleshing out all the details with our community questions next!

Gold Rocket | Satoshi Club: Thanks for great introduction, we have several questions which were selected for the 1st part. Ready to start?

Paul Mont | Satoshi Club: Are you guys ready? 😉

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Bring it!

Q1 from Telegram User @Pavel_Jarosh

As per your Litepaper, IX Swap will be creating the first liquidity pools by allowing STO token holders to stake their tokens to become liquidity providers. This means that the success of the whole project depends on the community, as much customers you get the more sophisticated and powerful IX Swap system we get. What is your “Plan B” once the number of STO token holders is not growing or even drops for a certain period of time? How would you fullfill your “tanks” with liquidity? Thank you!

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: I think you meant STO instead of CTO. 😉

Paul Mont | Satoshi Club: Haha yeah, let me correct the typo 😁

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: The STO market currently does not have any market makers or a highly liquid secondary market and moreover, provides incentives for providing liquidity which is currently not available in the securities market. IXS plans to start liquidity mining programs in the future to attract STO token holders.

Gold Rocket | Satoshi Club: Lol😜

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: The strength of the STO markets as a whole also relies heavily on the education and adoption of the financial sector. This means going on the ground and having close relationships with institutions that are forward thinking that want to participate and build the space with us . We have very good relationships with the institutions in Singapore, which is also a global financial hub, some of which have been speaking to us for years in the development of STOs. Our partners are also close with the regulatory authorities here, and are building blockchain products and platforms for the financial sector in the regulatory sandbox.

Hence, we aren’t only targeting investors of crypto or STO’s but the actual issues of these securities to paving the way to a tokenized future and financial markets

Darren: And thats how STOs are  > than CTOs   💩

Paul Mont | Satoshi Club: Hahaha 😁

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: 😂

Paul Mont | Satoshi Club: Considering what you’re building,do you guys believe that ICOs and IPOs will be replaced by their digital, on-chain equivalent in the future?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: IPOs definitely!

Paul Mont | Satoshi Club: I can definitely see how STOs are more accessible to smaller investors and firms and that’s a huge advantage in favor of your value proposition 😉

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Security token offerings are the IPO of the future

Q2 from Telegram User @Highpee

You plan to introduce On-chain governance capabilities for managing and implementing changes within the IX Swap protocol using $IXS. As a regulatory conscious and licensed token focused project, to what extent will users be able to vote for changes and implement proposals on your protocols? What are the decisions that you will allow holders to directly influence, suggests, manage and vote on? How will your governance be carried out and how will you ensure a fair representation of every ones opinions in the execution of platform policies?

Darren: The token holders will be able to vote on rewards, benefits, IXS supported pools and we would look to allow the token holders to have more influence over the governance as the platform develops.

As you have mentioned we are dealing with regulatory bodies and as such, not all aspects of the company will be governed by the token holders.

On top of that, as we are developing the economic models for each asset class that IX Swap supports, holders will be able to influence the economic models that are able to configure that confines which the asset classes operate under, allowing holders to dictate fair market, to reduce the number of inefficiencies and arbitrage opportunities as each asset class evolves through the Defi space. This will allow STOs on  IX Swap to always stay relevant.

good to go sir 🙂

look out for further announcements too!

Paul Mont | Satoshi Club: Great 🔥🔥🔥

Other than governance, we know you have crafted quite some tasty utilities for holding the $IXS token

Could you share with our Satoshi Clubbers some of the $IXS use-cases?

Gold Rocket | Satoshi Club: sounds interesting👍

Paul Mont | Satoshi Club: If you have a tokenomics paper/infographic to share, I guess this is the perfect moment to do so 😉

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS:

Just before we get into that, the IXS token is a utility token NOT a security token. It will be freely available to trade on any cryptocurrency exchange or DEX.

So here are the features of the IXS tokens –

IXS token holders will be able to stake their tokens on IX Swap to receive an interest rate as income. Platform earnings in the future will also be distributed to IXS token holders

IXS token holders will also be able to stake their tokens for governance related to the activity of IX Swap – this will allow token holders to take part in the active growth and decision making of IX Swap

IXS token holders will also receive priority access to new STO issuances on the InvestaX primary STO issuance platform.

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: On top of this, The IXS tokens also have a distinct deflationary economics function to ensure value is created for our token holders the more the platform is used.

5% of Fees will be sent to a permanently locked vault reducing the overall token supply.

5% of Fees will also be sent to a vault to purchase IXS tokens.

Rewards earned on the platform will be distributed over time to ensure token inflation is reduced.

These factors will create a deflationary effect on tokens the more the platform is used.

Paul Mont | Satoshi Club: Lovely, thank you very much! 🙏 Crystal-clear explanation 🚀

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: 🔥

Gold Rocket | Satoshi Club: you are really very cool! and it’s unique😁

Btw next question comes. and it will be a continuation of this conversation if you do not mind

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Thanks 😄

Q3 from Telegram User @Rotoxy

IX Swap has set up an IL Insurance mechanism to reduce the effect of Impermanent loss on liquidity providers. This include 8% from ecosystem fund, 5% from trading fees and 50% from penalty. How is this insurance shared among individual Liquidity providers in situations where Impermanent Loss actually occurs?

What happens to the fund if IL does not occur?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Yes that is correct! We will have a cap on payments to any particular pool as to ensure the funds are sufficiently distirbuted and will be dependent on bunch of factors relating to the asset trading within the pool ie. volatility presented (IL tends to increase as volatility increases), liquidity provision, arbitrage opportunities.

With regards to your query on what if IL doesnt occur the IL fund will remain untouched if IL does not occur

This would be a great scenario😁

Gold Rocket | Satoshi Club: It’s really make a sense😉

as we can see, you have thought through all the scenarios very well 😁

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Yes lots of brain power going into this project 😄

Gold Rocket | Satoshi Club: Thanks for your great answers 😃

Ready for the next question?

Darren: lets go 👌

Q4 from Telegram User @Tahsinahmett

Today, communities can not only provide interesting ideas to projects, but also bring them in large partnerships. What is the importance and value that IXSWAP project gives to communities? What ways do you follow to increase the awareness of IXSWAP in different regions and spread your project more? It is a big market for non-crypto and non-English-speaking projects, IXSWAP is from this market. What are they doing to benefit?

Darren: Ah! one for the community ! 👍

Paul Mont | Satoshi Club: The community is foundational, isn’t it? 😁

Darren: Definitely!! IX Swap aims to be a global platform that is all-inclusive and jurisdiction agnostic. Plans to grow non-english and non-crypto communities are already under way, both for translation to the local community, and also to understand the issues they face locally with the current traditional financial system, be it availability to products or to assisting the unbanked.

Growing the communities organically takes time, building a solid community that gives us good feedback and value add takes even longer as the members of the core team wish to interact and hear the voices of our community.

Paul Mont | Satoshi Club: Gotta love the long-term view behind your answer 🚀

Gold Rocket | Satoshi Club: This is very commendable👏

Darren: Hence, really grateful for our core community especially the ones that have been with us from the start! We have always encouraged the communities to share where we lack presence and engage the community in the manner of games and giveaways whilst educating the community to take on the future of finance.

So if we aren’t already, we hope to be in your local jurisdictions soon!

Gold Rocket | Satoshi Club: Mass adoption will be much more comfortable with you😁

Darren: Always be grateful to those that support you 🙂

Gold Rocket | Satoshi Club: Gold words❤️

Thanks for your answers

Q5 from Telegrams User @Josegamboac

Having a security, does not change its underlying, in which they still have to be within the limits of the current legal frameworks. IXSWAP builds the bridge between traditional finance and cryptocurrencies, since both worlds must be understood to be able to integrate towards the improvement of each industry. How hard in terms of law-abiding and financial efforts, is it for IXSWAP to be built online within regulatory constraints to allow the financial sector to grow into the future of finance? Do you believe this will be the key, differentiating factor against your competitors? How heavily will you rely on this aspect as a competing strategy?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Yes that is correct, paper, token, it doesn’t matter, what we’re dealing with are securities and we are bound by the securities laws based on our licensed partners ability to operate.

The IX Swap platform is being built to be regulatory compliant and seeks to combine the innovations of the financial and technological efficiencies to build a tokenized future of finance.

As being platform agnostic, IX Swap’s reach is global, however with that said, our gatekeepers for checks and balances relies on our local licensed entity or entities that connect with our ecosystem to allow their STO to be ported to our custodians to be facilitated on the IX Swap platform.These STO’s will already be regulatory compliant as they are already launched in their jurisdictions as a capital markets products. Hence each of these STOs incorporate the legal framework of where the security is being issued from, with the limitations of who can also trade them, based on the KYC and whitelist provided by each regulatory body.

With this structure, IX Swap will be massively scalable through connecting with as many licensed partners to allow platforms now and in the future to connect in an environment that is regulatory compliant to grow into the future of finance

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: [ Sticker ]

Paul Mont | Satoshi Club: Great 🚀

I personally believe that being fully regulatory compliant on a worldwide, international scale will give you an edge over *any* competitor in the market 😉

Gold Rocket | Satoshi Club: perfect answer👍

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: 100%

Paul Mont | Satoshi Club: I concur, thank you very much!

This is the last question for this very first part of the AMA, then we’re heading into the LIVE part of the session 🔥

Q6 from Telegram User @ItsMelissa3

A few days ago you announced a strategic cooperation with Alpha impact, which is a copy-trading social media platform. What common goal do you have with this partnership? What benefits does IX Swap receive by partnering with Alpha Impact? How does a market leading copy trading platform and a market leading digital security DEX complement each other? How can both ecosystems benefit?

Darren: Interesting this came up. Seems like your community is up to date with our developments!

Alpha Impact, being a copy trading platform, has a large community of traders that would provide growth to the IXS Community.

We are increasing our user base of traders & investors as they would be able to access our platform to execute these trades. This will create overall awareness of our platform and grow our community organically.

We are providing a completely new asset class to the copy traders and other users of the IX Swap platform would be able to “copy” the trades or investments of more successful traders

Gold Rocket | Satoshi Club: smart idea😁

Darren: The more we grow and expand with partners that add value to the ecosystem, the stronger the adoption of STOs will be!

Gold Rocket | Satoshi Club: Absolutely🚀

Paul Mont | Satoshi Club: By the way, safety is so important for the users as well. Have you been audited – or is the auditing process underway (or planned for the near future) as we speak?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: We will be constantly going through audits as we develop the platform

We will not be releasing any products without proper audits 🙂

We had done one with Zokyo just recently

The IX Swap team has passed its security audit with flying colours, beating the industry standards with a perfect score. Special thanks to @zokyo_io and our IX Swap Development Team for making this happen! #audit #STO #Crypto #defi #perfection $IXS pic.twitter.com/j4j7WyNjOg

— IX Swap (@IxSwap) September 4, 2021

Paul Mont | Satoshi Club: A sound 100 score – thank you for sharing guys 🔥

Safety is a very felt concern in the crypto space, it’s really great and relieving to read that you’ve aptly anticipated the issue and have already taken care of that 🚀

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: Yes and I think one more important thing to note is that we are using 3rd party custodians for our STOs

Which adds an extra layer of security to our system 😉

Part 2 — live questions from the Telegram community

Q1 from telegram username @sirdefi

🥇 I read that $IXS Token holders will be able to stake their holdings to receive a portion of the exchange fees By when do you estimate this service to be enabled? Will the rewards be $IXS only? Or will we be able to earn rewards from some STO?

Darren: At the moment staking and liquidity mining is already up on our platform. Feel free to check out the different pools and APR. When we have STOs ready on the platform, rewards will mostly be in IXS. This is due to the constrains of a security, but possibility for rewards in STO, should the user be whitelisted by our licensed partner and issue. Though right now our native token and rewards and fees is on IXS, concentrating the demand for our token for hodlers 🙂

Q2 from telegram username @Cheriemike

We know that Binance ditches ‘stock tokens’ as global crackdown widens from countries due to the fact that the exchange was not licensed to carry out regulated activities and users have up until October 14 to sell their tokens.So does IX Swap have any legal authorization from various countries?Is there any country restricted from using IX Swap?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: The key issue with binance and their stock tokens was they were not a regulated company but they were dealing with tokenized stocks which are regulated products (securities). IX Swap is dealing with licensed broker-dealers in counrties where they are permitted to deal with the securities. The key highlight of this really is Binance’s acceptance of security tokens and this is really just the start of a new asset class on the blockchain

Q3 from telegram username @Robotliker1

On what blockchains does your project will support in the future? will you support more blockchains to gain mass adoption ?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: IX Swap is blockchain agnostic. Meaning that we will be connecting with any protcols that support or want to build an STO ecosystem. We started on ETH because 99% of all STOs in the market right now were built on ETH. We expect many more STO issuances across multiple chains going forward and we will be integrating with them as our platform develops

Q4 from telegram username @Karoceh

How will IX Swap get the actual price of STOs?  Will IX Swap build its own Oracle?  And Where is your reference to get STOs prices?

Darren: Before i answer this question,  i would like to highlight that there are differernt types of digital assets.  there are traded securities and non-traded securities.

With traded securities, we already have partner oracles that we have tied up with and announced. For these, pricing is taken from our established partners/ oracles that provide data feeds for pricing, allowing these traded securities to be traded with little inefficiencies in a regulated defi environment

for non-traded securities, our AMM models on our platform is geared towards price discovery in a fair market. This allows for the underlying to grow and find its market price in the open market or anyone that has access to our platform. In this case, we will be creating a new set of Data feeds for STOs!  This is where IX swap will also be a data centre to feed back to the open market and oracles for this new asset classes

Q5 from telegram username @dorutay1

I have read that IXSWAP will use third party protectors to store investors’ Assets on their behalf. So why would you use a third-party custodian for the protection of assets, what would be the benefit of this method?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS:

Q6 from telegram username @ForidHasan38

Any info about token? Do you plan to implement it?

Darren: Definitely, we have already launched and have our tokens listed on kucoin and uniswap!  🙂

 please do refer to our litepaper and website. It is all stated ixswap.io

Q7  from telegram username @Gemshunter22

Where to buy $IXS and Have you done any CEX Listings of IXS ? What plans do you have for exchanges listings ?

 AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS: IXS is currently available on Kucoin and on Uniswap. There will be more trading venues going forward so stay tuned 🙂

Q8  from telegram username @Cheriemike

In your litepaper it is mention that X Swap is the last piece of infrastructure 

needed to breathe life 

to the STO/TSO 

industry.So how many STO/TSO exchanges have you provided liquidity solution for globally?What assistance will you render to this industry in terms of their trading volumes?

AO 👨🚀 | IX SWAP – WILL NEVER DM YOU FOR FUNDS:

We expect a similar effect on the current STO market which portrays many similar characteristics to how DEXes were like prior to AMM models

Q9 from telegram username @Nonerlike

Is your project suitable for beginners who are new in crypto or for traders only? Where can I learn more about IXSWAP?

Darren: This is why we are created IX Swap and these new asset classes in the first place.  Many new individuals come on to the blockchain space and get burnt and slaughtered by the volatility  of the unregulated market.

This is where securities come in to ensure that these assets are facilated in a regulated environment to allow new users to access regulated assets in forms of tokens, that are issued by real world businesses and use-cases. This ensures that new individuals are not blindly coming in to unregulated products but products vetted by licensed entities.   This is so much easier for new in crypto to be familiar with in a safer environment

please check out ixswap.io

Q10  from telegram username @Rakshhitx5

What is the full form and meaning of the “IX” swap in the name?

Darren: This actually comes from rebranding of our digital assets platform called InvestaX that has been up since 2015 🙂

Part 3 – Quiz Results

As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.

For more information and future AMAs, join our Social Media channels:

English Telegram group: https://t.me/Satoshi_club/

Russian Telegram group: https://t.me/satoshi_club_ru/

Spanish Telegram group: https://t.me/satoshi_club_spanish/

Chinese Telegram group: https://t.me/satoshi_club_cn/

Indonesian Telegram group: https://t.me/satoshi_club_indonesia/

Telegram Channel: https://t.me/satoshi_club_channel/

Twitter: https://twitter.com/realsatoshiclub/

Website: https://esatoshi.club/

Our partners:

Telegram: https://t.me/ixswapofficial  

Twitter: https://twitter.com/IxSwap

We are pleased to announce our next AMA on October 11th 2021 at 01:00 PM UTC Time: Satoshi Club x GooseFX

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join GooseFX Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. GooseFX Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about GooseFX

For more details:
GooseFX Website – goosefx.io
GooseFX Telegram – @goosefx
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

We are pleased to announce our next AMA on October 9th 2021 at 03:00 PM UTC Time: Satoshi Club x Doge Super Bowl

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Doge Super Bowl Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Doge Super Bowl Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about Doge Super Bowl

For more details:
Doge Super Bowl Website – dogesbowl.com
Doge Super Bowl Telegram – @dogesuperbowlusa
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish